Third dead cat bounce

Bitcoin / U.S. dollarBitstamp

Description

⋅ Aug 1, 2018 3:22 PM

The 3 tops respect perfectly the fibs levels. The first low did, but not the second one, it didn't touch the red line.

I think this line have to be touched.

I sold the perfect price following this chart and I expect to buy back at the perfect price of 5400.

This is not financial advice do your own research as I can be wrong. Like every one else can be. Do your own mistake :p

Comments

tarnschaf

⋅ Aug 1, 2018 4:23 PM

to always see both possible sides, i'd suggest to also consider this wave being elliot 4/5 which would lead us to one more top bevor retracing. Also, on a macro point of view i'm not able to see your prediction coming before any ETF decision. But we'll see, from a technical standpoint your point can absolute be made

jdjdhdj

⋅ Aug 1, 2018 4:35 PM

@tarnschaf, I agree I anticipate a double top as well. I agree as well with your macro view. But technically, today, BTC have room to fall and altcoins have room to grow. Everybody expect btc to continue to go up, so I think there is high probability that it fall.
The decision will be in september, and a lot of things can happen in august. XRP is a lot more bullish for me, it already started to catch.

tarnschaf

⋅ Aug 1, 2018 5:59 PM

@Canardator11, agreed, i have absolutely nothing to add :)

jdjdhdj

⋅ Aug 3, 2018 7:25 AM

@tarnschaf, I confirm XRP is catching, and on a very solid bottom. Alts bull run in august, BTC fall. I'll try to take the XRP bull run then buy back BTC. Take the next BTC bubble then alts bubble. If everything works it will be financial freedom :)